His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.
Schlagwort-Archiv: Financial
Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s Model Y.
Under Armour is laying off workers as retailer says North America sales will plunge this year
Sales in Under Armour’s largest market in North America are falling as inflation-weary consumers pull back on new clothes and shoes.
BT shares soar as British broadband provider targets another £3 billion in cost cuts
Shares of British telecom company BT Group surged Thursday, on the back of the firm announcing further cost-cutting.
Walmart earnings beat as discounter wins over more high-income shoppers, e-commerce sales jump
Walmart, the nation’s largest retailer and private employer, is often seen as a bellwether for the U.S. economy and saw sales jump 6% in the quarter.
EasyJet shares fall on profit miss, CEO departure
Shares of EasyJet fell more than 7% Thursday after the low-cost airline posted a slightly larger than expected pre-tax loss of £350 million.
Siemens shares slide over 5.5% on profit drop, slowing automation division
German technology giant Siemens on Thursday reported a a decline in earnings in the first three months of 2024 and said its automation division had slowed.
GameStop, AMC tumble more than 20% as meme stock rally fizzles after just two days
GameStop and AMC shares fell as the meme stock trading frenzy showed signs of fizzling early on its third day.
China’s economy reveals pockets of softness. Here’s what to watch ahead of Friday’s data
As China’s economy moves into the second quarter of the year, a few indicators are raising expectations for monetary policy easing.
Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady
Speaking to the Foreign Bankers‘ Association, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year.